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Rating:More Fund Firms Hop on the Retirement Income Bandwagon

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Monday, June 02, 2008

More Fund Firms Hop on the Retirement Income Bandwagon

by: Armie Margaret Lee

American Century and T. Rowe Price are among the fund companies that are cooking up retirement income funds, Shefali Anand reported in The Wall Street Journal's monthly Investing in Funds section published Monday. They would join five firms -- Fidelity, Vanguard, DWS Scudder, Charles Schwab and Russell Investments -- that have already launched retirement income funds, and John Hancock, which plans to roll out its own offering this summer. Anand says more fund firms are expected to follow suit.  

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